Hi,
I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?
I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?
Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to. So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profit
Well said Mate. I don't suggest he swaps considering he made profits off the token. It a great idea of converting to fait, and withdraw. Also mapping out the money to be invested in the other wether it worth it or you re-invest.
But still be cautious of Altcoins, make profit and withdraw nothing is certain, invest in Bitcoin which has proven and not mere pump and dump coin.